Latest News- Commercial Hvac Market: Equipment is expected to lead the Application segment during 2025-2029

The Commercial Hvac Market is being driven by Rising number of data centers

The Commercial Hvac Market is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 28.8 billion. The commercial HVAC market is witnessing a notable shift towards the adoption of intelligent and connected HVAC systems. Leveraging advancements in portable devices and monitoring systems, businesses can effectively manage their HVAC infrastructure. Air quality monitoring systems integrated into HVAC equipment are gaining traction, enabling the detection and elimination of allergens, pollutants, and contaminants that impact indoor air quality. These systems also regulate moisture levels, enhancing overall system performance and longevity. Smart thermostats, a significant beneficiary of these advancements, are increasingly being adopted to optimize energy usage and improve comfort levels. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Equipment
  • Services
• Type
  • Heat pump
  • Furnaces
  • Boilers
  • Unitary heaters
• Technology
  • Conventional HVAC systems
  • Smart HVAC systems
• Variant
  • Retrofit and replacement
  • New installation
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising number of data centers
• Growth in construction market
• Rising need for regulatory compliance in HVAC equipment

However, the market also witnesses some limitations, which are as follows:

• High market competition
• Environmental pollution due to HVAC systems
• Stringent government regulations

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Market Scope in Commercial Hvac Market Research Report

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Research Analysis Overview

The Commercial HVAC market encompasses chiller and central plants, air purification systems with UV lamps, refrigerant recovery and leak detection, HVAC controls, energy audits, and load calculations. Thermal comfort is prioritized through features like occupancy sensing and building codes compliance. Commissioning agents and HVAC technicians ensure proper installation and maintenance. Financing, performance contracting, and renewable energy integration are key trends. Digital twins, AI-driven optimization, and cloud-based monitoring platforms enhance efficiency. District cooling, heating, and waste heat recovery systems, cooling towers, and fluid coolers are additional offerings.

Market Research Overview

The Commercial HVAC market is a significant segment of the larger industrial machinery and supplies and components market. This market encompasses companies manufacturing HVAC systems, including air conditioners, heat pumps, and ventilation systems. The global industrial machinery and supplies and components market size is determined by the combined revenue generated by manufacturers of machinery and components utilized in industrial settings. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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